Burger King | Triple Net Lease of the Week

burger king for lease in salinas call john skinner capitola Ca

Here is my local Central Coast Triple Net Lease Property Pick of the Week:

This Burger King is located just outside the southern portion of the Greater Bay Area in northern California. The subject property is strategically positioned in a dense retail corridor benefiting from its close proximity to many national and local retailers. Major national retailers in the area include: Taco Bell, Starbucks, Subway, Ace Hardware, Jack in the Box, Circle K, AutoZone and many more. This Burger King also benefits from its close proximity to academic institutions. There are two Elementary Schools and one High School less than two miles from the subject property which have a combined total enrollment of over 4,000 students. A Hospital, a 266-bed general medical and surgical hospital, is located five miles from the subject property.

john skinner triple net nnn lease property specialist in watsonville californiaType: Restaurant

Cap Rate: 4.50%

Lease Type: Triple-Net (NNN)

Annual Rent: $158,653

Net Operating Income: $158,653

Lease Term Remaining: 19.8 Years

Rental Increases: 1.75% Annually Starting Year 7

Year Built: 2007

Rentable Sq/Ft: 3,089 SF

Rent Sq/Ft: $51.36

Price Sq/Ft: $1141

Lot Size: 0.72 Acres






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